Economics Extended Response Outline how the production possibility frontier can be used to demonstrate opportunity cost and examine how the effects of unemployment and technical change on production in the economy. A production possibility frontier is a basic model that can examine the efficiency of an economy’s resource use‚ irrespective of the wants of that economy. A production possibility frontier is the simplest tool usable to demonstrate opportunity cost‚ at all possible combinations of
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How Authors Affected The Frontier Movement: The Frontier Movement is a period in American history that refers to the westward movement of Americans toward the Pacific Ocean during the mid-1800s lasting until the early 1900’s. This movement was characterized by an expansionist zeal for opportunity and adventure‚ but was also heavily characterized by widespread social oppression and reform. It was during this time that both authors and reformists were inspired to write and share their ideas‚ many
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The Western Frontier The romanticism of the west employed the frontier as the outer edge of the wave meeting “between savagery and civilization.” To historians‚ a frontier is “is not a lining of marking the start of an empty place but a zone of interaction where two or more societies vie for the use of land.’ In the “frontier thesis”‚ Frederick Turner describes the frontier as “gradually peopled.” However‚ the congress in 1862 funded the transcontinental railroad‚ the union pacific‚ and
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Essay on Wars – Destructive for Humanity. War is‚ without argument the worst collective experience of humanity. It has created new nations on the rubbles of destroyed cities and humans dead. It involves mass killing without humane feelings even if short and swift. Our recent experience with Kargil‚ which was not even not even a full-fledged war‚ reopened the sordidness of military action. Wars‚ when prolonged like the World Wars‚ result in human brutality‚ mass extermination of races and
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When America comes to mind‚ you usually think of freedom or opportunity. That was exactly what the frontier provided. The frontier came to symbolize America for numerous of reasons. The frontier gave everyone opportunity’s including black‚ female‚ or even deprived white. With the westward expansion‚ you were allowed to build your own empire no matter your primary status. Especially with the Homestead Act now in place‚ it made the West very promising. The Homestead Act was an act that assured 160
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MEEF1-Dossier 2 The American Frontier Doc A - Excerpts from Speech by Senator John F. Kennedy‚ Valley Forge Country Club‚ Valley Forge‚ PA October 29‚ 1960 Doc B – Manifest and Other Destinies: Territorial Fictions of the Nineteenth-Century United States. Stephanie Lemenager University of Nebraska Press. Lincoln‚ NE. 2004. DOC C – American Progress by John Gast (1872) Westward Expansion • Land Ordinance 1785/Northwest Ordinance 1787 • 1821 – Revolution overturned Spanish rule in Mexico‚ U.S. recognized
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The definition of the efficient frontier says that “the efficient frontier represents the set of portfolios that has the maximum rate of return for every given level of risk‚ or the minimum risk for every level of return.” I plotted standard deviation on x axes and Returns on y axes to interpret efficient frontier. Exhibits also include these and the graphs you asked for as graph2: In our study‚ we concentrated on the optimal portfolios‚ the one which has the lowest volatility or risk‚ for given
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The American Frontier was the extreme limit of settled land beyond which lies wilderness‚ especially referring to the western US before Pacific settlement. The development and conquering of the American Frontier was extremely important to the country because of the many benefits it would have to the country with things such as more space and more states for the country. It is explained through works like Excerpts from Frederick Jackson Turner‚ The Significance of the Frontier in American History
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Augustan Frontier Policy Evidence Certainly‚ Augustus’ policy was concerned both to secure peace and to enhance the prosperity of provinces‚ once within the empire. In this way‚ his work represented a continuation and development of that of Julius Caesar; this had looked to the protection of Rome and Italy by the establishment of a ‘buffer’ of provinces a Pro-Roman territory‚ secure within increasingly visible frontiers and valuing the prosperity which came From peace and security – Shotter
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CLAUSEWITZ‚ ON WAR NOTES BOOK 1‚ CHAPTER 1 – WHAT IS WAR? 1-INTRODUCTION: When considering the each individual part of war‚ its relation to war as an entirety must also be kept in view 2-DEFINITION: ‘War is nothing but a duel on an extensive scale.’ Metaphor of two wrestlers: ‘Each strives by physical force to compel the other to submit to his will: each endeavours to throw his adversary‚ and thus render him incapable of further resistance.’ ‘War therefore is an act of violence intended to
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